Development of a new programming language
I've heard there's a new programming language out from University of Tennessee. It's called Algor.
There are some problems with it though.
The syntax is very formal and inflexible. And it's not a very powerful language either, since it won't allow you to alter the operating environment. Its survival is also partially dependent upon an even slower and lower quality language called Blinton.
Personally, I don't think either will be around in four years.